Last 7 days
1.0%
Last 30 days
17.3%
Last 90 days
22.6%
Trailing 12 Months
16.2%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 1.1B | 0 | 0 | 0 |
2023 | 882.8M | 1.0B | 1.1B | 1.1B |
2022 | 648.4M | 772.9M | 897.5M | 1.0B |
2021 | 1.2B | 1.1B | 1.1B | 523.8M |
2020 | 771.3M | 775.5M | 762.1M | 1.1B |
2019 | 842.5M | 860.1M | 859.1M | 831.2M |
2018 | 818.4M | 956.4M | 999.5M | 846.8M |
2017 | 696.9M | 601.7M | 602.4M | 691.6M |
2016 | 752.0M | 760.5M | 767.5M | 760.7M |
2015 | 725.1M | 725.8M | 725.6M | 734.1M |
2014 | 646.5M | 663.9M | 693.1M | 709.8M |
2013 | 616.9M | 624.4M | 632.9M | 644.8M |
2012 | 608.9M | 621.2M | 615.2M | 613.9M |
2011 | 606.0M | 589.2M | 586.4M | 592.9M |
2010 | 0 | 614.8M | 609.4M | 603.9M |
2009 | 0 | 0 | 0 | 620.2M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 28, 2024 | heimes terry j | gifted | - | - | -4,840 | chief operating officer |
Mar 28, 2024 | munn william j | gifted | - | - | 1,532 | secy/chief legal off/gen coun |
Mar 28, 2024 | munn william j | gifted | - | - | -1,532 | secy/chief legal off/gen coun |
Mar 28, 2024 | heimes terry j | gifted | - | - | 2,420 | chief operating officer |
Mar 10, 2024 | tewes timothy | sold (taxes) | -130,197 | 88.63 | -1,469 | president |
Mar 10, 2024 | noordhoek jeffrey r | sold (taxes) | -130,197 | 88.63 | -1,469 | chief executive officer |
Mar 10, 2024 | dunlap matthew w | sold (taxes) | -12,053 | 88.63 | -136 | chief business develop. off. |
Mar 10, 2024 | munn william j | sold (taxes) | -56,723 | 88.63 | -640 | secy/chief legal off/gen coun |
Mar 10, 2024 | heimes terry j | sold (taxes) | -130,197 | 88.63 | -1,469 | chief operating officer |
Mar 10, 2024 | kruger james d | sold (taxes) | -130,197 | 88.63 | -1,469 | chief financial officer |
Which funds bought or sold NNI recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | Ancora Advisors LLC | unchanged | - | 8,578 | 126,263 | -% |
May 16, 2024 | COMERICA BANK | added | 42.5 | 1,866 | 5,395 | -% |
May 16, 2024 | JANE STREET GROUP, LLC | reduced | -76.08 | -944,910 | 326,164 | -% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.99 | 43,335 | 1,484,580 | -% |
May 15, 2024 | Cubist Systematic Strategies, LLC | reduced | -86.82 | -995,518 | 164,046 | -% |
May 15, 2024 | MORGAN STANLEY | reduced | -35.00 | -2,446,880 | 5,638,060 | -% |
May 15, 2024 | Nebula Research & Development LLC | reduced | -66.15 | -648,520 | 369,892 | 0.08% |
May 15, 2024 | Squarepoint Ops LLC | added | 20.69 | 515,387 | 2,263,560 | -% |
May 15, 2024 | STATE STREET CORP | added | 10.51 | 5,402,700 | 34,504,200 | -% |
May 15, 2024 | Engineers Gate Manager LP | sold off | -100 | -295,096 | - | -% |
Unveiling Nelnet Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Nelnet Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
MA | 429.6B | 25.7B | 36.27 | 16.72 | ||||
AXP | 174.7B | 62.0B | 19.42 | 2.82 | ||||
PYPL | 67.4B | 30.4B | 15.54 | 2.22 | ||||
COF | 54.2B | 43.4B | 13.96 | 1.25 | ||||
DFS | 31.4B | 17.8B | 13.9 | 1.76 | ||||
ALLY | 12.2B | 14.3B | 14.22 | 0.86 | ||||
MID-CAP | ||||||||
CACC | 6.0B | 2.0B | 23.99 | 3.08 | ||||
FCFS | 5.3B | 3.2B | 22.91 | 1.66 | ||||
WU | 4.4B | 4.4B | 7.21 | 1.02 | ||||
NNI | 4.1B | 1.1B | 29.63 | 3.68 | ||||
SMALL-CAP | ||||||||
ENVA | 1.7B | 2.2B | 9.77 | 0.75 | ||||
ATLC | 357.4M | 1.2B | 3.48 | 0.3 | ||||
CPSS | 181.0M | 360.7M | 5.01 | 0.5 | ||||
AIHS | 8.6M | 7.3M | -2.23 | 1.18 | ||||
CURO | 2.5M | 853.2M | -0.01 | 0 |
Nelnet Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -2.5% | 269 | 276 | 285 | 284 | 265 | 263 | 203 | 152 | 404 | 302 | 200 | 219 | 239 | 443 | 225 | 251 | 191 | 95.00 | 239 | 247 | 251 |
Operating Expenses | -4.0% | 217 | 227 | 214 | 209 | 210 | 222 | 210 | 197 | 206 | 199 | 183 | 172 | 173 | 213 | 191 | 186 | 191 | 200 | 203 | 181 | 179 |
EBITDA Margin | 16.5% | 0.44* | 0.38* | 0.46* | 0.56* | 0.77* | 0.88* | 1.14* | 1.26* | 1.51* | 1.76* | 0.98* | 0.99* | 0.95* | 0.77* | 0.76* | 0.67* | 0.55* | 0.64* | 0.58* | 0.58* | 0.63* |
Interest Expenses | 6.2% | 74.00 | 70.00 | 77.00 | 51.00 | 67.00 | 81.00 | 77.00 | 78.00 | 77.00 | 76.00 | 86.00 | 84.00 | 101 | 87.00 | 81.00 | 67.00 | 55.00 | 64.00 | 66.00 | 60.00 | 59.00 |
Income Taxes | 337.8% | 23.00 | -9.72 | 11.00 | 10.00 | 8.00 | 5.00 | 27.00 | 25.00 | 56.00 | 39.00 | 16.00 | 26.00 | 35.00 | 71.00 | 19.00 | 21.00 | -10.13 | 9.00 | 9.00 | 6.00 | 11.00 |
Earnings Before Taxes | 337.5% | 94.00 | -39.63 | 53.00 | 30.00 | 31.00 | 33.00 | 127 | 108 | 241 | 168 | 67.00 | 109 | 158 | 302 | 90.00 | 108 | -49.90 | 51.00 | 42.00 | 31.00 | 53.00 |
EBT Margin | 84.1% | 0.12* | 0.07* | 0.13* | 0.22* | 0.34* | 0.50* | 0.72* | 0.76* | 0.90* | 0.96* | 0.58* | 0.59* | 0.57* | 0.41* | 0.26* | 0.19* | 0.10* | 0.21* | 0.17* | 0.18* | 0.23* |
Net Income | 955.9% | 73.00 | -8.55 | 45.00 | 28.00 | 26.00 | 31.00 | 105 | 85.00 | 187 | 133 | 53.00 | 84.00 | 124 | 235 | 72.00 | 86.00 | -40.53 | 42.00 | 33.00 | 25.00 | 42.00 |
Net Income Margin | 50.5% | 0.12* | 0.08* | 0.12* | 0.19* | 0.28* | 0.40* | 0.57* | 0.59* | 0.70* | 0.75* | 0.45* | 0.46* | 0.45* | 0.32* | 0.21* | 0.16* | 0.08* | 0.17* | 0.14* | 0.15* | 0.18* |
Free Cashflow | 223.6% | 189 | 58.00 | 139 | 63.00 | 98.00 | 12.00 | 163 | 190 | 260 | 127 | 137 | 126 | 31.00 | 143 | 245 | 17.00 | -170 | 131 | 137 | 103 | -164 |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | -8.0% | 15,399 | 16,737 | 17,223 | 17,808 | 18,083 | 19,374 | 19,564 | 20,624 | 20,990 | 21,678 | 22,403 | 23,029 | 22,167 | 22,646 | 22,223 | 22,611 | 23,281 | 23,709 | 23,937 | 24,220 | 24,722 |
Cash Equivalents | 6.9% | 180 | 168 | 188 | 122 | 188 | 118 | 63.00 | 128 | 163 | 126 | 192 | 213 | 144 | 121 | 96.00 | 68.00 | 205 | 134 | 161 | 84.00 | 75.00 |
Net PPE | 17.5% | 149 | 127 | 127 | 130 | 133 | 123 | 127 | 124 | 121 | 119 | 117 | 129 | 130 | 124 | 360 | 350 | 351 | 348 | 342 | 337 | 335 |
Goodwill | 0% | 158 | 158 | 177 | 177 | 177 | 177 | 172 | 19.00 | 142 | 142 | 142 | 142 | 142 | 142 | 157 | 157 | 157 | 157 | 157 | 157 | 157 |
Liabilities | -10.2% | 12,141 | 13,515 | 13,964 | 14,560 | 14,859 | 16,174 | 16,397 | 17,533 | 17,905 | 18,725 | 19,546 | 20,200 | 19,418 | 20,018 | 19,820 | 20,270 | 20,955 | 21,318 | 21,582 | 21,893 | 22,392 |
Long Term Debt | -10.5% | 10,583 | 11,828 | 12,448 | 13,070 | 13,438 | 14,637 | 15,043 | 16,115 | 16,737 | 17,631 | 18,611 | 19,382 | 18,755 | 19,321 | 19,215 | 19,726 | 20,467 | 20,529 | 20,910 | 21,294 | 21,836 |
Shareholder's Equity | -0.1% | 3,258 | 3,263 | 3,295 | 3,248 | 3,223 | 3,199 | 3,166 | 3,091 | 3,085 | 2,953 | 2,857 | 2,829 | 2,749 | 2,628 | 2,403 | 2,341 | 2,326 | 2,391 | 2,355 | 2,327 | 2,330 |
Retained Earnings | 1.0% | 3,313 | 3,279 | 3,306 | 3,270 | 3,252 | 3,235 | 3,208 | 3,128 | 3,092 | 2,941 | 2,844 | 2,812 | 2,737 | 2,622 | 2,393 | 2,331 | 2,310 | 2,378 | 2,343 | 2,317 | 2,321 |
Additional Paid-In Capital | -64.4% | 1.00 | 3.00 | 14.00 | 10.00 | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 10.00 | 6.00 | 4.00 | 2.00 | 2.00 | 9.00 | 6.00 | 4.00 | 2.00 | 1.00 |
Shares Outstanding | -0.7% | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 38.00 | 37.00 | 38.00 | 38.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
Minority Interest | -18.1% | -48.08 | -40.71 | -35.83 | -11.76 | -6.35 | 1.00 | -14.25 | -6.24 | -3.25 | 2.00 | -2.29 | -5.18 | -3.09 | -3.69 | 3.00 | 4.00 | 5.00 | 4.00 | 5.00 | 4.00 | 4.00 |
Float | - | - | - | - | 1,631 | - | - | - | 1,438 | - | - | - | 1,469 | - | - | - | 919 | - | - | - | 1,196 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | 165.7% | 211,915 | 79,761 | 154,235 | 76,134 | 122,845 | 27,187 | 173,158 | 208,365 | 275,349 | 143,781 | 150,682 | 137,207 | 48,658 | 176,065 | 278,636 | 38,854 | -144,455 | 155,997 | 160,753 | 121,830 | -139,665 |
Share Based Compensation | -29.6% | 3,166 | 4,495 | 4,171 | 3,972 | 3,838 | 4,304 | 3,701 | 3,251 | 2,920 | 2,849 | 2,844 | 2,928 | 2,052 | 11,201 | 1,957 | 1,724 | 1,857 | 1,833 | 1,810 | 1,662 | 1,476 |
Cashflow From Investing | 72.0% | 1,086,079 | 631,607 | 416,142 | 166,401 | 723,932 | 532,753 | 902,320 | 233,885 | 603,069 | 642,493 | 786,864 | -711,784 | 468,362 | -332,418 | 236,351 | 611,614 | 105,672 | 331,951 | 337,135 | 469,179 | 386,301 |
Cashflow From Financing | -188.8% | -1,382,499 | -478,644 | -591,735 | -326,560 | -1,306,259 | -245,940 | -1,205,923 | -445,526 | -895,110 | -843,217 | -763,774 | 704,790 | -528,147 | 213,207 | -534,761 | -829,491 | -83,480 | -403,554 | -413,678 | -588,637 | -387,402 |
Dividend Payments | 0% | 10,370 | 10,370 | 9,701 | 9,694 | 9,654 | 9,648 | 8,925 | 8,972 | 9,063 | 9,138 | 8,407 | 8,475 | 8,437 | 8,435 | 7,664 | 7,733 | 7,946 | 7,939 | 7,143 | 7,171 | 7,232 |
Buy Backs | 49.5% | 35,469 | 23,718 | 543 | 465 | 3,302 | 4,461 | 14,293 | 46,032 | 32,899 | 30,625 | 25,078 | 399 | 2,009 | 213 | 4,618 | 67,274 | 1,253 | 149 | 221 | 23,683 | 16,358 |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest income: | ||
Loan interest | $ 216,724 | $ 225,243 |
Investment interest | 52,078 | 40,725 |
Total interest income | 268,802 | 265,968 |
Interest expense on bonds and notes payable and bank deposits | 194,580 | 199,449 |
Net interest income | 74,222 | 66,519 |
Less provision for loan losses | 10,928 | 34,275 |
Net interest income after provision for loan losses | 63,294 | 32,244 |
Other income (expense): | ||
Other, net | 17,015 | (14,071) |
(Loss) gain on sale of loans, net | (41) | 11,812 |
Derivative market value adjustments and derivative settlements, net | 9,721 | (14,074) |
Total other income (expense), net | 311,161 | 265,148 |
Cost of services: | ||
Cost of services | 62,839 | 56,003 |
Operating expenses: | ||
Salaries and benefits | 143,875 | 152,710 |
Depreciation and amortization | 16,769 | 16,627 |
Other expenses | 56,845 | 40,785 |
Total operating expenses | 217,489 | 210,122 |
Income before income taxes | 94,127 | 31,267 |
Income tax expense | 23,119 | 8,250 |
Net income | 71,008 | 23,017 |
Net loss attributable to noncontrolling interests | 2,202 | 3,470 |
Net income attributable to Nelnet, Inc. | $ 73,210 | $ 26,487 |
Earnings per common share: | ||
Net income attributable to Nelnet, Inc. shareholders - basic (in dollars per share) | $ 1.97 | $ 0.71 |
Net income attributable to Nelnet, Inc. shareholders - diluted (in dollars per share) | $ 1.97 | $ 0.71 |
Weighted-average common shares outstanding - basic (in shares) | 37,156,971 | 37,344,604 |
Weighted-average common shares outstanding - diluted (in shares) | 37,156,971 | 37,344,604 |
Loan servicing and systems | ||
Other income (expense): | ||
Revenue | $ 127,201 | $ 139,227 |
Education technology services and payments revenue | ||
Other income (expense): | ||
Revenue | 143,539 | 133,603 |
Cost of services: | ||
Cost of services | 48,610 | 47,704 |
Solar construction | ||
Other income (expense): | ||
Revenue | 13,726 | 8,651 |
Cost of services: | ||
Cost of services | $ 14,229 | $ 8,299 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Assets: | ||
Loans and accrued interest receivable | $ 11,829,078 | $ 13,108,204 |
Cash and cash equivalents: | ||
Cash and cash equivalents | 179,682 | 168,112 |
Investments and notes receivable (including investments at fair value of $1,037,637 and $988,841, respectively) | 1,921,691 | 1,870,968 |
Restricted cash | 618,363 | 488,723 |
Restricted cash - due to customers | 142,778 | 368,656 |
Restricted investments | 36,076 | 17,969 |
Accounts receivable (net of allowance for doubtful accounts of $4,248 and $4,304, respectively) | 134,647 | 196,200 |
Goodwill | 158,029 | 158,029 |
Intangible assets, net | 42,670 | 44,819 |
Property and equipment, net | 149,249 | 127,008 |
Other assets | 186,399 | 187,957 |
Total assets | 15,398,662 | 16,736,645 |
Liabilities: | ||
Bonds and notes payable | 10,582,513 | 11,828,393 |
Accrued interest payable | 31,983 | 35,391 |
Bank deposits | 802,061 | 743,599 |
Other liabilities | 449,568 | 481,840 |
Due to customers | 274,757 | 425,507 |
Total liabilities | 12,140,882 | 13,514,730 |
Commitments and contingencies | ||
Nelnet, Inc. shareholders' equity: | ||
Preferred stock, $0.01 par value. Authorized 50,000,000 shares; no shares issued or outstanding | 0 | 0 |
Common stock: | ||
Additional paid-in capital | 1,101 | 3,096 |
Retained earnings | 3,312,869 | 3,279,273 |
Accumulated other comprehensive loss, net | (8,476) | (20,119) |
Total Nelnet, Inc. shareholders' equity | 3,305,862 | 3,262,621 |
Noncontrolling interests | (48,082) | (40,706) |
Total equity | 3,257,780 | 3,221,915 |
Total liabilities and equity | 15,398,662 | 16,736,645 |
Nonrelated Party | ||
Cash and cash equivalents: | ||
Cash and cash equivalents | 39,407 | 34,912 |
Related Party | ||
Cash and cash equivalents: | ||
Cash and cash equivalents | 140,275 | 133,200 |
Variable Interest Entity, Primary Beneficiary | ||
Assets: | ||
Loans and accrued interest receivable | 11,293,401 | 12,676,932 |
Cash and cash equivalents: | ||
Restricted cash | 587,980 | 451,932 |
Liabilities: | ||
Bonds and notes payable | 10,841,316 | 12,006,170 |
Common stock: | ||
Accrued interest payable and other liabilities | (121,130) | (135,748) |
Net assets of consolidated education and other lending variable interest entities | 918,935 | 986,946 |
Class A | ||
Common stock: | ||
Common stock | 261 | 264 |
Class B | ||
Common stock: | ||
Common stock | $ 107 | $ 107 |
 | nelnet.com |
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 | Credit Services |
 | 8237 |